With GST being finally implemented, the government has brought into force certain notifications. A gist of the various notifications released by the Central Board of Excise and Customs (CBEC) is given below: 

Notification No. 15/2017 dated 1 July 2017 - Amendments to the Central Goods and Services Tax (CGST) Rules, 2017 

Following are the key amendments to the CGST Rules, 2017:

Other key GST-related amendments

Update with regard to the GST-SEZ exemption

The CBEC has released three notifications in order to provide clarification regarding the exemption on import of goods and/or services by Special Economic Zone (SEZ) unit. The final trail in regard to the same subject is given below:  

SKP's comments

  • The reduction in the rate of GST as applicable on fertilisers would prove to be a boon to the economically strained agricultural sector.
  • The exemption of Education Cess and Secondary and Higher Education Cess from a levy on IGST in the case of imports is a welcome move.

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